Goldman Sachs affords donor-advised funds (DAFs) by its personal wealth administration division. Charges for these philanthropic accounts usually contain an annual administrative charge primarily based on a share of the belongings underneath administration. This share can fluctuate primarily based on the dimensions of the fund, with bigger funds typically benefiting from decrease charges. Along with the executive charge, there might also be funding administration charges relying on the chosen funding technique. Potential donors ought to seek the advice of instantly with Goldman Sachs for particular charge schedules and funding choices.
Donor-advised funds present a versatile and tax-advantaged strategy to handle charitable giving. Contributions are tax-deductible within the 12 months they’re made, and the funds can develop tax-free. Donors can then suggest grants to eligible charities over time, permitting for strategic philanthropy. The construction of DAFs permits donors to consolidate their giving, simplify record-keeping, and doubtlessly amplify their philanthropic impression. The usage of DAFs has grown considerably in current a long time as a preferred automobile for charitable giving.
